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Alied Blenders and Distillers Ltd., which makes Officer's Choice Whisky, announced on May 14 that it has been given the go-ahead by market regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO). According to the DRHP, the initial share sale consists of a promoter OFS of shares valued at Rs 500 crore and a new issuance of equity shares valued at Rs 1,000 crore.

Allied Blenders and Distillers Ltd has filed preliminary papers with capital markets regulator SEBI to raise more than Rs 2,000 crore via an initial public offer (IPO). 

The issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 1,000 crore and an offer for sale (OFS) of Rs 1,000 crore.

The equity shares are proposed to be listed on BSE and NSE.